Companhia Siderúrgica Nacional (NYSE:SID) Cut to C+ at TheStreet

Companhia Siderúrgica Nacional (NYSE:SID) was downgraded by analysts at TheStreet from a “b” rating to a “c+” rating in a research report issued to clients and investors on Wednesday, TheStreetRatingsTable reports.

Shares of NYSE SID opened at $8.84 on Wednesday. The firm has a 50-day simple moving average of $8.66. The firm has a market capitalization of $12.27 billion, a PE ratio of 6.14, a price-to-earnings-growth ratio of 0.13 and a beta of 1.89. The company has a debt-to-equity ratio of 1.77, a current ratio of 1.80 and a quick ratio of 1.46. Companhia Siderúrgica Nacional has a 52 week low of $1.88 and a 52 week high of $10.33.

Companhia Siderúrgica Nacional (NYSE:SID) last issued its earnings results on Friday, May 7th. The basic materials company reported $0.70 EPS for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.19. The business had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $2.17 billion. Companhia Siderúrgica Nacional had a net margin of 29.22% and a return on equity of 105.00%. Equities research analysts expect that Companhia Siderúrgica Nacional will post 2.88 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in SID. Comerica Bank grew its holdings in shares of Companhia Siderúrgica Nacional by 5.1% in the fourth quarter. Comerica Bank now owns 74,803 shares of the basic materials company’s stock valued at $462,000 after purchasing an additional 3,617 shares during the period. First Trust Advisors LP grew its holdings in shares of Companhia Siderúrgica Nacional by 41.5% in the fourth quarter. First Trust Advisors LP now owns 129,731 shares of the basic materials company’s stock valued at $772,000 after purchasing an additional 38,038 shares during the period. Daiwa Securities Group Inc. purchased a new stake in shares of Companhia Siderúrgica Nacional in the fourth quarter valued at about $556,000. Sei Investments Co. grew its holdings in shares of Companhia Siderúrgica Nacional by 0.5% in the fourth quarter. Sei Investments Co. now owns 309,330 shares of the basic materials company’s stock valued at $1,841,000 after purchasing an additional 1,623 shares during the period. Finally, Profund Advisors LLC grew its holdings in shares of Companhia Siderúrgica Nacional by 15.7% in the fourth quarter. Profund Advisors LLC now owns 39,830 shares of the basic materials company’s stock valued at $237,000 after purchasing an additional 5,394 shares during the period. 2.78% of the stock is owned by hedge funds and other institutional investors.

Companhia Siderúrgica Nacional Company Profile

Companhia Siderúrgica Nacional operates as an integrated steel producer in Brazil and Latin America. The company operates in five segments: Steel, Mining, Logistics, Energy, and Cement. It offers flat steel products, such as high, medium, low carbon, micro-alloyed, and interstitial free slabs; hot-rolled products, including heavy and light-gauge hot-rolled coils and sheets; cold-rolled products comprising cold-rolled coils and sheets; galvanized products; tin mill products that consist of flat-rolled low-carbon steel coils or sheets; and profiles, channels, UPE sections, and steel sleepers for the distribution, packaging, automotive, home appliance, and construction industries.

Recommended Story: What is the Bid-Ask Spread?

Receive News & Ratings for Companhia Siderúrgica Nacional Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Companhia Siderúrgica Nacional and related companies with MarketBeat.com's FREE daily email newsletter.